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<p>[QUOTE=&quot;Gam3rBlake, post: 8241339, member: 115909&quot;]No because the government wouldn’t need to back all issued banknotes with gold.</p><p><br /></p><p>Think about it. What are the odds that every single banknote is going to be redeemed for gold at the exact same time?</p><p><br /></p><p>As I’ve said one thing the US government noticed is that when people are told their banknotes can be redeemed at any time in gold…they rarely actually redeem it.</p><p><br /></p><p>It’s when people get scared that the ability to redeem banknotes for gold will be unavailable in the future that is when bank runs happen and everyone rushes to redeem banknotes in fear that they will lose their value &amp; redeemability.[/QUOTE]</p><p><br /></p>

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